yest
+------------------------------------------------------------------------------+
Green Exchange May Extend Fee-Waiver Program Beyond Aug. 31
2010-07-26 12:42:01.563 GMT
By Mathew Carr
July 26 (Bloomberg) -- Green Exchange LLC, which received
approval last week from the Commodity Futures Trading Commission
to operate independently from its parent, may extend its fee-
waiver program beyond an earlier-proposed date of Aug. 31.
Green Exchange, a New York-based venture that includes
Chicago Mercantile Exchange, Goldman Sachs Group Inc. and ICAP
Energy, is assessing the environmental markets to set a
permanent fee structure for contracts, said Tom Lewis, the
exchange's chief executive officer. Those contracts include
European Union carbon dioxide allowance futures and United
Nations Certified Emission Reduction credits. It initially
extended the program to Aug. 31 from May 31.
The exchange is working on a timetable for transferring
contracts from the New York Mercantile Exchange, Green Exchange
said today in an e-mailed statement. Nymex, which now carries
the Green Exchange's contracts, is a unit of Chicago-based CME
Group Inc. The environmental bourse will announce market-making
contracts "over the coming months," Lewis said today in a
phone interview from London.
For Related News and Information:
Emission market news NI ENVMARKET <GO>
Today's top energy stories ETOP <GO>
European power-markets home page EPWR <GO>
--Editors: Mike Anderson, Rob Verdonck.
To contact the reporter on this story:
Mathew Carr in London at +44-20-7073-3531 or
m.carr@bloomberg.net
